AMERICAN SHARED HOSPITAL SERVICES
For the period ended Dec 31, 2024. Filed Apr 4, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Apr 4, 2025
Contents
FORWARD-LOOKING STATEMENTS
Certain matters discussed in this Annual Report on Form 10-K other than statements of historical information are “forward-looking statements.” The Private Securities Litigation Reform Act of 1995 has established that these statements qualify for safe harbors from liability. Forward-looking statements may include words like we “believe”, “anticipate”, “target”, “expect”, “pro forma”, “estimate”, “intend”, “will”, “is designed to”, “plan” and words of similar meaning. Forward-looking statements describe our future plans, objectives, expectations or goals. Such statements address future events and conditions concerning and include, but are not limited to, such things as:
| • | capital expenditures |
| • | earnings |
| • | liquidity and capital resources |
| • | financing of our business |
| • | government programs and regulations |
| • | legislation affecting the health care industry |
| • | the expansion of our proton beam radiation therapy business |
| • | accounting matters |
| • | compliance with debt covenants |
| • | pending acquisitions |
| • | competition |
| • | customer concentration |
| • | contractual obligations |
| • | timing of payments |
| • | technology |
| • | interest rates |
These forward-looking statements involve known and unknown risks that may cause our actual results in future periods to differ materially from those expressed in any forward-looking statement. Factors that could cause or contribute to such differences include, but are not limited to, such things as:
| • | our level of debt |
| • | the limited market for our capital-intensive services |
| • | the impact of lowered federal reimbursement rates |
| • | the impact of U.S. health care reform legislation |
| • | competition and alternatives to our services |
| • | technological advances and the risk of equipment obsolescence |
| • | our significant investment in the proton beam radiation therapy business |
| • | restrictions in our debt agreements that limit our flexibility to operate our business |
| • | our ability to repay our indebtedness |
| • | our ability to continue to integrate the Rhode Island companies with our existing business, and successfully manage the expanded operations we acquired |
| • | breaches in security of our information technology |
| • | the small and illiquid market for our stock |
These lists are not all-inclusive because it is not possible to predict all factors. A discussion of some of these factors is included in this document under the headings “Item 1A. Risk Factors” and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” “–Application of Critical Accounting Policies and Estimates” and “–Liquidity and Capital Resources.” This report should be read in its entirety. No one section of this report deals with all aspects of the subject matter. Any forward-looking statement speaks only as of the date such statement was made, and we are not obligated to update any forward-looking statement to reflect events or circumstances after the date on which such statement was made, except as required by applicable laws or regulations.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.